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Dec 31, 2012
12/12
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i'm rebecca jarvis. in a few hours, the u.s. will go over the fiscal cliff which could trigger across-the-board tax increases and billions in spending cuts. however, there is hope for a soft landing. senate republican leader mitch mcconnell and president obama said today a deal was close. but late in the day house leaders announced they will not vote on a deal tonight. they're waiting for the senate. so what happens now? we have two reports beginning with nancy cordes on capitol hill. nancy, good evening. >> good evening to you, rebecca. it looks like the deadline pressure finally prompted a meeting of the minds today. negotiators agreed to a plan that extends the bush era tax cuts for 99% of americans. but they are hung up on one key spending issue, and so it looks like we will go over the fiscal cliff at least temporarily. >> we're very, very close to an agreement. >> reporter: senate republican leader mitch mcconnell said his round-the-clock negotiations with vice president biden had paid off. >> i can report that we've reach
i'm rebecca jarvis. in a few hours, the u.s. will go over the fiscal cliff which could trigger across-the-board tax increases and billions in spending cuts. however, there is hope for a soft landing. senate republican leader mitch mcconnell and president obama said today a deal was close. but late in the day house leaders announced they will not vote on a deal tonight. they're waiting for the senate. so what happens now? we have two reports beginning with nancy cordes on capitol hill. nancy,...
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Dec 28, 2012
12/12
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WUSA
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major, good morning. >> good morning, rebecca and jeff. president obama meets with the top congressional leaders. no deal can be reached impasse without their meeting. so far the fiscal talks have been when all four of these leaders have been present. >> whether he meant it or not, it seems exhaustive. >> i mean what's going on here? >> what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff. talks continue between senior white house and congressional staff, but that's been true throughout then tire saga. with the deadline looming there were dire predictions. >> come the first of this year, americans will have less income than they have today. >> and rekrimm nations. >> now republicans have bent over backward. we've stepped way, way out of our comfort zone. we wanted an agreement, but we had no takers. >> the senate's top democrat said it has nothing to do with phone calls but house republican obstruction. >> thehouse of repre
major, good morning. >> good morning, rebecca and jeff. president obama meets with the top congressional leaders. no deal can be reached impasse without their meeting. so far the fiscal talks have been when all four of these leaders have been present. >> whether he meant it or not, it seems exhaustive. >> i mean what's going on here? >> what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his...
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Dec 29, 2012
12/12
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WUSA
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. >>> and i'm rebecca jarvis. here are some of the stories we'll be looking at on "cbs this morning saturday." with three days left will the two parties come together to beat the clock? >> yet another strong storm coming through. we'll find out how bad it will be and what it could mean for holiday travel. >>> the strange but true tale of man who woke up one day and had no idea who he is. he's now the subject of a critically acclaimed documentary and he joins us to tell his story. >>> and it's not a bird or a plane. it's the latest version of "superman," one of the blockbuster movies due out in the new year. all that and so much and more on "cbs this morning saturday" on this saturday, december 29, 2012. captioning funded by cbs >>> welcome to the weekend. this is the final weekend of 2013. >> exciting stuff, right? >> exciting to have you here with us. >> glad to be here. >> i said 2013 because i'm preparing for the new year so everybody knows. >> in for anthony mason. >> it's nice to have you with us for our new
. >>> and i'm rebecca jarvis. here are some of the stories we'll be looking at on "cbs this morning saturday." with three days left will the two parties come together to beat the clock? >> yet another strong storm coming through. we'll find out how bad it will be and what it could mean for holiday travel. >>> the strange but true tale of man who woke up one day and had no idea who he is. he's now the subject of a critically acclaimed documentary and he joins us...
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Dec 29, 2012
12/12
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KPIX
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rebecca. >> you chose great place to come here jeff. you chose florida and one day you're here. >> one day i'm here. >>> congress has yet to resolve the fiscal cliff issue. we'll tell you what you need to know to get a financial plan ready for the new year. you're watching "cbs this morning saturday." ♪ ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print and have it picked up for free. any time of year. ♪ ♪ nice sweater. thank you. ♪ ♪ looks like your bags didn't make it. we'll send them to your hotel. [ sad music playing ] this is fun. [ sad music continues ] [ knock on door ] your bags, sir. thanks. both: finally! one taste, and you'll understand. enjoy delicious dunkin' donuts coffee anytime. best vacation ever! pick some up where you buy groceries. america runs on dunkin'. ♪ you are my sunshine my only sunshine ♪ ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it tak
rebecca. >> you chose great place to come here jeff. you chose florida and one day you're here. >> one day i'm here. >>> congress has yet to resolve the fiscal cliff issue. we'll tell you what you need to know to get a financial plan ready for the new year. you're watching "cbs this morning saturday." ♪ ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay,...
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Dec 18, 2012
12/12
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WUSA
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rebecca jarvis is here with ideas on how you, too, can help. rebecca, good morning to you. >> good morning. >> i know that the local businesses in newtown -- i used to live in newington -- in newtown, also stepping up to the plate and trying to make it easy for people to contribute no matter where you live. what are they doing? >> they are coming out in full force here, and it's a beautiful thing to see that the people of newtown really want to rebuild their community. for example, the families of the sandy hook elementary school who have children in the school who did not pass. they've set up the my sandy hook family fund. the families of the survivors in the community. this is a fund that will go toward paying for funerals, for living expenses for the families who have lost loved ones, mortgages, bills in the future. the newtown memorial fund, another fund set up by the community, by brian moriello, who says he wants it to be a foundation, something for the community to think about for its long-term future, as well as the near-term issues tha
rebecca jarvis is here with ideas on how you, too, can help. rebecca, good morning to you. >> good morning. >> i know that the local businesses in newtown -- i used to live in newington -- in newtown, also stepping up to the plate and trying to make it easy for people to contribute no matter where you live. what are they doing? >> they are coming out in full force here, and it's a beautiful thing to see that the people of newtown really want to rebuild their community. for...
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Dec 28, 2012
12/12
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KPIX
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good morning. >> reporter: good morning, rebecca and jeff. in just a couple of hours at the white house the president meets with all the key congressional leaders, top democrats harry reid and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff, talks continue between senior white house and congressional staff, but that's been true throughout this entire saga. with the deadline looming there were dire predictions. >> come the first of this year americans will have less income than they hav
good morning. >> reporter: good morning, rebecca and jeff. in just a couple of hours at the white house the president meets with all the key congressional leaders, top democrats harry reid and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the...
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Dec 21, 2012
12/12
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KPIX
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rebecca jarvis is here to help us sort it all out. rebecca? >> hello gayle. >> it seems like we just said happy new year. let's start with the fiscal cliff looming. >> most of what the fiscal cliff is going to impact is taxes starting next year in 2013 and beyond, but there are portions of it that could impact taxpayer this year. about 30 million taxpayers could see their taxes increase this year. 100 million of them according to the irs, could see their refunds delayed. and this is because of something known as the alternative minimum tax. that's the amt. usually they increase that amount, adjust it for inflation. they haven't done it yet. it's all wrapped up in this fiscal cliff debate. if you're somebody make 45g$,000, you could see your taxes go up as much as $4,000 this year if they don't address the issue. >> i was just going to ask you. who would be affected? >> people people. >> all sorts of people. number of tax credits expiring this year? >> yes. and one in particular is an important one. the american tax opportunity credit. this is
rebecca jarvis is here to help us sort it all out. rebecca? >> hello gayle. >> it seems like we just said happy new year. let's start with the fiscal cliff looming. >> most of what the fiscal cliff is going to impact is taxes starting next year in 2013 and beyond, but there are portions of it that could impact taxpayer this year. about 30 million taxpayers could see their taxes increase this year. 100 million of them according to the irs, could see their refunds delayed. and...
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Dec 19, 2012
12/12
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KPIX
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rebecca jarvis is here with wall street's reaction to the newtown shooting. rebecca, it is interesting to see the market's reaction to this. talk specifically about serber. this is the private equity group that had the investment in the gun maker. why did they make the decision? >> they made it because they were under pressure from one of the largest pension funds. they said we're pulling or $750 million investment if you don't pull out of it. the private equity firm is now selling it. you're seeing some of that same selling reflected in the public stock market when it comes to public companies that make guns. smith and wes son and ster stern ruger are some. >> the bushmaster is profitable. gun sales are up. i thought it was interesting the co-found co-founder, steven feinberg, is an avid hunter. his father is a newtown resident. >> one of the reasons that these companies have investments on wall street is because their profitability is about 18%. their profit margins are 18%. the gun industry in this country last year was $2.7 billion. this year it's on trac
rebecca jarvis is here with wall street's reaction to the newtown shooting. rebecca, it is interesting to see the market's reaction to this. talk specifically about serber. this is the private equity group that had the investment in the gun maker. why did they make the decision? >> they made it because they were under pressure from one of the largest pension funds. they said we're pulling or $750 million investment if you don't pull out of it. the private equity firm is now selling it....
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Dec 13, 2012
12/12
by
KPIX
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eye 381
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rebecca jarvis is here. rebecca? >> reporter: good morning. >> go ahead. >> reporter: well, i was going to say, charlie, ultimately what they're trying to do with this is to discourage people from saving and to get them borrowing and borrowing cheaply. the federal reserve wants to stimulate the unemployment. they want to get more jobs created in this country. there aren't that many ways to do it and they have tried multiple ways. this is a new thing, a change in their policy, and they're trying with everything that they have at their disposal to get companies hiring in this country. >> so what do you think it means for consumers? what do you think it means for businesses? >> consumers are going to get cheaper loans. same for businesses. ultimately if those cheaper loans go towards buying things that create jobs, then businesses will start hiring. but if you're a saver in this country, you will continue to get paid nothing to keep your money in the bank. that's my design. they want you spending that money. >> why is i
rebecca jarvis is here. rebecca? >> reporter: good morning. >> go ahead. >> reporter: well, i was going to say, charlie, ultimately what they're trying to do with this is to discourage people from saving and to get them borrowing and borrowing cheaply. the federal reserve wants to stimulate the unemployment. they want to get more jobs created in this country. there aren't that many ways to do it and they have tried multiple ways. this is a new thing, a change in their policy,...
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Dec 20, 2012
12/12
by
KPIX
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eye 378
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rebecca jarvis has been looking at the troubles. could this spell big trouble for toyota? >> it could. the toyota has been the top-selling car for the last 14 of the last 15 years and this past month, in november toyota had the best month. 373,000 of them were sold. that was up 36% from last year. so a lot of analysts are looking at this story as just as toyota is getting back on its feet because all of us remember the major recalls in 2009 2010 8 million priuses recalled for the sticky accelerator problem. just as they're getting back on their feet for that, here comes this with a new study and it's not a good one for toyota. >> there used to be a time when toyota was considered the best run car company in the world and they've suffered one thing after another. >> they focus so much on quality. that's the bad part of it. rather than growing market share the last couple of years, they've had to refocus their brand on quality and now they're going to have to go back to the drawing board because the camry is important to the car brand. >> and do you think american automakers
rebecca jarvis has been looking at the troubles. could this spell big trouble for toyota? >> it could. the toyota has been the top-selling car for the last 14 of the last 15 years and this past month, in november toyota had the best month. 373,000 of them were sold. that was up 36% from last year. so a lot of analysts are looking at this story as just as toyota is getting back on its feet because all of us remember the major recalls in 2009 2010 8 million priuses recalled for the sticky...